Melbourne Theosophical Society – 181–187 Collins Street – 2009 Building report

You can find this and our many other blogs at  http://harcourtscityresidential.wordpress.com/ 

In this report, Dionne Wilson has prepared an overview of all sales & rental transactions at 181-187 Collins St 2009 year along with extra details for forecast for the year ahead.

 

Melbourne 3000

Apartment Overview Fin Year 2009:

Apartment Sales in Melbourne:        1753

Clearance Rate in Melbourne:         79%
Average Sale Price in Melbourne:   
$503,347

SALES RESULTS –  Year 2009:

56/187 Collins St            2 Bed                ? Bath               Dec 09              $ 640,000

11/187 Collins St            1 Bed                1 Bath               Nov 09              $ 1,100,000

2/187 Collins St              ? Bed                ? Bath               Jun 09               $ 740,000

53/187 Collins St            1 Bed                1 Bath               May 09              $ 600,00

RENTAL RESULTS – Year 2009:

?/187 Collins St              1 Bed    1 Bath   Nov 09             $340 per week

?/187 Collins St              1 Bed    1 Bath   Nov 09             $380 per week

38/187 Collins St            1 Bed    1 Bath   Sep 09              $430 per week   fully furnished

?/187 Collins St              1 Bed    1 Bath   July 09              $350 per week

25/187 Collins St            1 Bed    1 Bath   July 09              $400 per week   fully furnished

?/187 Collins                  1 Bed    1 Bath   Feb 09              $380 per week

 

Notable features: Highly influenced by Egyptian forms, so popular in the Art Deco period, it features Egyptian columns with papyrus capitals. Built in the Interwar period in the Art-Deco style

Built: 1936

Number of floors: 5

Architect: Marsh & Michaelson

Forecast for the 09-10 Financial Year: We envisage that continuing first home owner interest and buying power will keep the market buoyant in Melbourne for the remainder of 2009. Dependant on bank interest rates, we could experience a leveling of the market in 2010 in the pre $500,000 range. Investors could well make a comeback in 2010 once first home owners lose their puff and buying power.

For further information on this, or any other property needs you may have, please contact:

 

Dionne Wilson

Business Owner and Director – Harcourts City Residential

Ph: 03 9664 8100          Mob: 0417 318 705

Email: dionne.wilson@harcourts.com.au   

Web: www.cityresidential.harcourts.com.au

*Harcourts City Residential has gathered this information to provide an interesting document for apartment owners and prospective purchasers. Harcourts City Residential may not have affected any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible.

Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as fact.

If your property is exclusively listed with another agent please disregard this communication

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